Roper Technologies (NYSE:ROP) Issues Q4 Earnings Guidance

by · The Cerbat Gem

Roper Technologies (NYSE:ROP – Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $4.70-4.74 for the period, compared to the consensus EPS estimate of $4.76. Roper Technologies also updated its FY 2024 guidance to 18.210-18.250 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays raised their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Check Out Our Latest Research Report on ROP

Roper Technologies Trading Down 2.1 %

Shares of NYSE ROP traded down $11.67 during midday trading on Wednesday, reaching $540.43. 225,299 shares of the stock were exchanged, compared to its average volume of 494,839. The business has a 50-day simple moving average of $551.18 and a two-hundred day simple moving average of $545.48. The company has a market capitalization of $57.93 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. As a group, equities research analysts expect that Roper Technologies will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is 22.22%.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Company Profile

(Get Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

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